Excerpt from this article:
"On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. ...The main culprit behind the rising deficits and debt is growing federal spending—especially among Social Security, Medicare, Medicaid, and Obamacare.
Traditionally, Congress has set a limit for how much debt the U.S. may take on, known simply as the debt limit. But rather than put a higher limit on the debt, lawmakers and the president have repeatedly suspended the debt limit, most recently in November of last year through March 15, 2017. During a debt limit suspension, the Department of Treasury is authorized to borrow however much is needed to pay all federal obligations that come due. This means there is basically no limit on debt the U.S. may take on."
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Talk show host and constitutional scholar Mark Levin has said:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Someone once wrote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
Sarah
Palin has said that America will eventually default on its debt and
claims that the federal government is “stockpiling bullets in case of
civil unrest'” ... (Sarah Palin: Feds Stockpiling Bullets to Use Against Us - politico.com)
Recommended reading:
Greenspan: U.S. "Way Underestimating" The National Debt - pjmedia.com
Florida Gov. On Gov't Medicaid Expansion; 'Trillion Dollar Deficits -- Would You Do Business With Them?' - cnsnews.com
National Debt Soars Over $18 Trillion - truthrevolt.org
Ponzi: Treasury Issues $1,000,000,000,000 ($1 Trillion) In New Debt In 8 Weeks - To Pay Off Old Debt! - cnsnews.com
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama - zerohedge.comNancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" - michellemalkin.com
The $17 Trillion Dollar Party - theeconomiccollapseblog.com
University of California Study: National Debt Really $70 Trillion - thenewamerica.com
Explaining the Obama Economy to 6th Graders
Doom: Naked Came I Into This World, And Naked Shall I Leave It - ace.mu.nu
